fha condo approval list

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Many states have hundreds of condominium projects. FHA maintains a database of approved condominium projects to allow lenders the option of providing a "spot approval" when approving an FHA loan in a condominium development that had not received FHA approval. As of Feb. 1, 2010, FHA eliminated the spot loan approval process.

As a temporary reprieve, FHA granted extensions on prior condo approvals. The complete list of condo projects and buildings approved by Fannie Mae and FHA can be found on their respective websites. Fannie Mae Condo Financing Guidelines. fannie mae condo approval Guidelines

An FHA-approved condo is a property that can be purchased using FHA loans-or loans that are insured by the Federal Housing Administration. What requirements must these condominiums meet to be.

A significant amount of that new inventory has come from investors in recently completed condos listing their units for sale. Since few of those buildings are approved by Fannie Mae and FHA, it’s hard.

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So if your home doesn’t meet FHA requirements, you could be cutting yourself off from almost one-third of potential buyers. Here’s how to increase your chance of selling your home by making. First,

The FHA does not back loans for Coops, they do back loans for condos but are limited to those on the FHA approved list. To see if a certain condo is on the approved list you can visit the following.

FHA loan rules for condo mortgages include an approval requirement–any condo eligible for an FHA insured mortgage must be on the official list of FHA-approved condo projects. Some readers want to know if there is a list of the FHA requirements that a condo project needs to comply with in order to be included on or added to the FHA-approved list.

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The FHA Condo Approval list is the only official list released by HUD.. It is updated once a day, so there is a 24-hour lag for condos that become FHA Approved, and when they appear on the list.Because of this, make sure to check back daily to see any updates made by HUD to the FHA Condominium Approval list.